McKinsey’s latest quantum communication report explores growing investment in new quantum communication capabilities to help meet expanding demand for enhanced cybersecurity and quantum computing.

Production networks that are capturing the value from digital transformation do so by tackling the scaling slump, investing in their workforce, and pursuing sustainability.

The chairman and CEO of the French oil major talks about why he’s sticking to his strategy to gradually shift from oil to electrons, which he calls “the energy of the 21st century.”

Private capital firms have been active in several industries, but activity in technology, media, and telecommunications leads the way. And firms pursued fewer megadeals, opting for midsize deals more often.

M&A activity in the life science sector fell in 2024, but several factors, including pent-up demand and the state of companies’ pipelines, point to a strong rebound in dealmaking in 2025.

Keeping top talent in the fold and engaged before, during, and after a large deal closes is critical for creating value from transactions. Here’s how to address their needs throughout the M&A phases.

Multiple trends will likely fuel M&A growth across technology, media, and telecommunications in 2025, with an increase in carve-outs as organizations look to simplify and reshape their corporate portfolios.

The broad downward trend of interest rates, coupled with consumer-packaged-goods companies’ cash-rich balance sheets, could lead to an active year for CPG deals.

Sometimes, M&A can pose particularly difficult challenges. The automotive industry offers creative examples of how deals can still get done.

A range of factors suggests an increase in M&A activity among energy and materials companies in 2025, despite uncertainties in the sector.

In 2024, deals mostly stayed within national borders. In 2025, banking, wealth and asset management, fintech, payments, and capital markets face challenges but also have opportunities.

McKinsey research and interviews with global leaders reveal the activities and discussions that CEOs should be directly involved in to ensure success before, during, and after M&A transactions.

Powerful forces favor a resurgence in M&A, especially in North America, but dealmakers still have plenty of challenges to stare down.

Despite the slowdown in dealmaking in 2024, there are good reasons to expect greater M&A activity in US healthcare in 2025 and 2026 as many players seek to pursue innovation and growth.

A number of trends, including reduced interest rates and the emergence of new technologies, software, and ecosystems, point to an uptick in M&A activity within advanced industries and its subsectors.

Unprecedented shocks are affecting M&A activity and dealmaker behavior. Different analyses help bring uncertainty into focus—and suggest a range of outcomes.

Executives can take three important actions to integrate parent and target company cultures more smoothly and generate the intended value from a deal more quickly.

M&A among travel companies has been soft, but travel dynamics are changing, presenting growth opportunities. In logistics, technology-oriented deals may loom large in 2025 as solutions in the space improve.

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

Cyberattacks and tech outages at provider organizations have reached an all-time high. To stem the tide, providers need strong plans to prevent, detect, and recover from attacks and disruptions.

By creating supportive workplaces that help alleviate employee burnout and improve well-being, employers can enable both their workers and their companies to thrive.

Leading medtech companies are embarking on bold transformations and evolving their operating models to unlock sustainable growth and create efficiencies.

Digitale zorg draagt bij aan betaalbare, toegankelijke en hoogwaardige gezondheidszorg. Momenteel lukt het ons echter niet om bewezen effectieve digitale technologie te implementeren of op te schalen. We presenteren vijf cruciale acties om de huidige evolutie van digitale zorg te transformeren in een ware revolutie. Bij succesvolle implementatie en opschaling kan het potentieel van digitale zorg oplopen tot maar liefst 22 miljard euro—ongeveer 20 procent van alle zorgkosten.

The McKinsey Global Institute have identified 18 emerging fields of business likely to deliver big revenues and profits. Given its talent base and vast market, India must’s miss the action in these, write Rajat Dhawan and Chris Bradley in Mint.

Germany faces hampered economic growth and a shrinking workforce. German companies could unlock sustainable growth by investing simultaneously in technology and workforce development.

Certain characteristics—including optimism, continuous learning, and stewardship—are especially critical for leaders to thrive in today’s volatile business environment. Here’s how to develop tomorrow’s leaders.

The working model is far less important than the work environment leaders create. Five core practices can help organizations implement a policy that best fits their culture.

Okta’s Arnab Bose discusses a strategic and outcome-oriented approach for product managers of B2B products, how AI is affecting cybersecurity, and how organizations can adopt AI in a safe manner.

Southeast Asia could use the carbon capture and storage opportunity to unlock significant revenue. However, several key actions would need to be taken by private and public players to enable it.

To fully realize the potential of AI and digital, biopharma sponsors need a structured approach to upgrading tech infrastructure for efficient data capture and trial management.

McKinsey Senior Partner Aditya Sanghvi discusses where office attendance stands today and the opportunity for commercial real estate to adapt to new ways of working, living, and shopping.

In a time of evolving competition and customer demands, B2B sales leaders can consider a range of technology innovations to help fuel success.

Global uncertainties remained in 2024, but the path forward for private equity became clearer, with a rebound in dealmaking and distributions.

As US e-commerce growth slows, retailers and logistics providers face rising delivery costs. A survey of consumer preferences for package shipments—speed or reliability?—could help inform priorities.

Over the past year, the world’s declining birth rates have become a hot topic of conversation. Two-thirds of humanity now live in countries where fertility rates have fallen below replacement levels and now pose a threat to continued future prosperity in some regions, writes Kweilin Ellingrud in Forbes.

Public and private investment dollars are fueling defense innovation. The prize? A $250 billion opportunity to build a modernized defense frontier by scaling technology, from AI to quantum computing.

Patrice Caine, chair and CEO of Thales, shares insights on the role innovation plays in the defense sector, especially the current status of AI and the future of quantum technologies.

A defense tech start-up ecosystem is developing in Europe as countries look to boost innovation in defense capabilities.

The adoption of advanced simulation tools is accelerating in the automotive sector, but some tasks risk getting stuck in the slow lane.

The time to develop a cost-optimal product portfolio and CO2 abatement strategy is now—success in doing so requires product design and procurement to work hand in hand.

With European NATO countries seeking to rapidly expand their defense capabilities, we explore how maintenance, repair, and overhaul providers could improve operations to enhance mission readiness.

European NATO countries are looking to ramp up their defense budgets—potentially adding much more direct in-country readiness per euro.

Companies seeking to invest in clean power can increase their impact and lower costs by taking a broader view—instead of focusing narrowly on their own energy use.

AWS’s Jelena Joffe Weil discusses Amazon’s venture innovation initiative and the benefits of collaborative innovation to both large enterprises and start-ups.

While innovation is critical to all companies’ growth, the most successful organizations use it to both expand their lead within their industries and disrupt new ones, even in uncertain times.

Bhavin Turakhia, CEO and cofounder of Zeta, a ‘next-gen payment card processor,’ discusses next-gen payments technology and his journey as a serial tech entrepreneur.

The revenue potential of energy storage is often undervalued. Investors could adjust their evaluation approach to get a true estimate—improving profitability and supporting sustainability goals.

Exploring how innovative solutions could help alleviate the housing crisis and improve economic mobility for all.

Our seventh gathering of European transformation leaders found consensus about the need to empower people for change efforts to succeed.

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.